Building the digital bank of tomorrow. Today.

Global banking is being disrupted from many angles: new open banking regulations, change in consumer habits, launch of virtual banks… Most banks are waking up to this reality and while most of them have digital strategies, few have fully digitalised.

Digitalisation is a major challenge that touches every part of the bank, from core processing to the customer experience. It is more of a journey than a destination. When it comes to digitalisation, banks are faced with three options:

  • Build a new core

Traditionally, a “rip and replace” of the core was the most common way to undertake a bank modernisation. While this offers a technology renewal, it can be very expensive and risky. And if it fails, it can disable the bank and inflict untold damage to the bank’s brand and reputation. In addition, replacing a new core system requires new skills. Retraining is essential but it takes investment and time.

  • Build on a greenfield site

There is growing awareness of the need to start afresh with new technologies. Some banks have responded by building new digital banks on greenfield sites using modern technologies and methods. New digital banks have appeared both under existing bank brands and under new independent brands. Their growing number highlights the scale of the bank modernisation challenge.

  • A progressive modernisation

Modern technologies can deliver progressive modernisation that is driven by business strategy.  With careful planning, the right technologies, and the proper expertise, a transformation can be self-funding as new capabilities drive business benefits and reduce costs. In the short term, progressive modernisation may comprise a multi-core bank model which optimises performance across cloud and an existing technology stack. Over time, the cost of change will decline as new developments are done on the cloud. Such blended solutions offer flexibility, careful cost management and transparency.


From theory to practice

BankLiteX is GFT’s response to the new market dynamics in financial services. Designed to appeal equally to start-ups and incumbent banks wishing to modernise, it offers a roadmap to digital banking success based on proven methods and modern technologies.

BankLiteX is the result of GFT’s collaboration with Thought Machine and Amazon Web Services (AWS). It empowers you to deploy a cloud-based digital bank faster and at minimal risk.

Designed as a building-block architecture with pluggable components, BankLiteX is hosted entirely on the AWS infrastructure. This enables any bank to create modern, highly flexible end-to-end solutions by delivering capabilities to support multiple entity, multi-brand, multi-currency strategies.


With BankLiteX, GFT, Thought Machine and AWS provide the building blocks of a bank with 40% more development productivity in half the time of almost any other option. You can set up a new bank in as little time as three months then add new functionality as required.

BankLiteX achieves this in several ways:

  • Involving code from all layers, including cloud-native and external systems
  • Guaranteeing reusability through a pragmatic component model
  • Promoting seamless collaboration between cross-technologies teams
  • Supporting quality and security as part of the brick architecture and software lifecycle

With these attributes, you can build a bank that is infinitely customisable, scalable and future proof. In practice, BankLiteX empowers you to build the bank of the future. Today.

To discover more about BankLiteX, read our Point of View paper Building the digital bank of tomorrow.

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